Blue Owl Technology Finance Corp

OTF

Market cap $6.62B

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NEW YORK , Oct. 1, 2025 /PRNewswire/ -- Blue Owl Technology Finance Corp. (NYSE: OTF) ("OTF") today announced it will release its financial results for the third quarter ended September 30, 2025 on Wednesday, November 5, 2025 after market close. OTF invites all interested persons to its webcast / conference call on Thursday, November 6, 2025 at 11:30 a.m.

We take a look at the action in business development companies through the first week of September and highlight some of the key themes we are watching. BDCs saw a slight decline this week, with sector valuations near long-term averages. Bond issuance is rising as BDCs refinance maturing debt, shift from floating-rate credit facilities, and capitalize on attractive borrowing rates.

OTF trades at a compelling 15% discount, offering a 10.9% yield, and recent lock-up releases should help reduce volatility going forward. Despite a lower NII yield and leverage, we expect income to rise as leverage increases over time. Portfolio quality is strong, with minimal non-accruals and conservative underwriting, supporting confidence in long-term returns.

The investment case for closed-end funds (CEFs) is weak now due to tight discounts, high leverage costs, and expensive underlying assets. Most CEFs do not deliver sustainable alpha, and lower-fee actively managed ETFs now offer similar exposures with better economics. We have reduced our CEF allocation, favoring alternatives like BDCs, select ETFs, preferreds, and bonds for better value and risk/reward.

NEW YORK , Sept. 3, 2025 /PRNewswire/ -- Blue Owl Technology Finance Corp. (NYSE: OTF) ("OTF" or the "Company") today announced a partial early lock-up release on approximately 10% of each shareholder's shares of the Company's common stock, effective as of September 9, 2025, whereupon they will become freely tradeable.

We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. BDCs remain attractive due to sector-wide valuations that are well below historic averages, providing a margin of safety and boosting earnings yield for investors. Valuation-adjusted total NAV return is a key metric—investors should focus on returns relative to valuation, not just headline numbers or wide discounts.

Blue Owl Technology Finance (OTF 0.07%), a major player in lending to technology companies, delivered its second quarter 2025 results on August 6, 2025. Adjusted net investment income per share was $0.36.

NEW YORK , Aug. 6, 2025 /PRNewswire/ -- Blue Owl Technology Finance Corp. (NYSE: OTF) ("OTF" or the "Company") today announced financial results for its second quarter ended June 30, 2025. SECOND QUARTER 2025 HIGHLIGHTS  Successfully listed on the New York Stock Exchange on June 12, 2025 as the largest publicly traded technology-focused BDC by total assets Second quarter GAAP net investment income ("NII") per share of $0.34 Second quarter adjusted NII per share of $0.36(1) Dividends declared for the third quarter totaled $0.40 per share, representing an annualized dividend yield of 9.3%(2) based on net asset value ("NAV") per share as of June 30, 2025 In connection with the listing, the Board of Directors (the "Board") declared five special dividends of $0.05 per share to be paid quarterly beginning in the third quarter 2025 NAV per share increased to $17.17, as compared with $17.09 as of March 31, 2025, driven primarily by unrealized gains in certain equity investments New investment commitments for the second quarter totaled $1.5 billion and $756 million of sales and repayments, as compared with $820 million (3) of new investment commitments and $641 million of sales and repayments for the three months ended March 31, 2025 Net debt-to-equity increased to 0.58x for the second quarter, up from 0.53x as of March 31, 2025 Investments on non-accrual represented less than 0.1% of the portfolio at fair value, unchanged from the prior quarter "OTF delivered strong performance in the second quarter and successfully completed its listing on the New York Stock Exchange in June as the largest technology-focused BDC in the public market," said Craig W.